SUMMARY The evolution of global current account imbalances, especially the huge and growing US current account deficit, has been the most alarming global economic develop-ment in recent years. So far, European policymakers seem to have watched the growing imbalances without much concern, in the hope that the EU will be largely unaffected by the inevitable correction of the US external deficit. This apparent complacency is unwar-ranted. Europe may not be part of the global current account problem, but it is bound to be part of the solution. The US current account deficit must narrow eventually and this process will almost certainly involve a significant depreciation in the dollar. The more stubbornly Asian countries refuse to adjust their ex...
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis....
This paper explores the emergence of large current account imbalances in a few large countries, the ...
The global economy has focused increasing attention on the U.S. current account deficit. Placing thi...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
The large and growing US current account deficit has its counterpart in the large and growing curren...
The recent global financial crisis has been described as the abrupt unwinding of the macroeconomic i...
The US current account deficit has been persistently large and has brought the country's ratio of fo...
The United States has run an increasingly large current account deficit over the last few years. J. ...
Keywords: US current account deficit, external imbalance, net foreign assets, real exchange rate, su...
The international current account imbalance, where the United States has a vast deficit and several ...
Prior to the creation of the euro in 1999, policy-makers frequently expressed their expectation that...
Global imbalances are large and growing in the sense that the US current account deficit and, as a r...
Alan Ahearne and Jürgen von Hagen explore the options European policy makers have in the context of ...
T he massive deficit in the U.S. trade and current accounts is one of the moststriking features of t...
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis....
This paper explores the emergence of large current account imbalances in a few large countries, the ...
The global economy has focused increasing attention on the U.S. current account deficit. Placing thi...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
The large and growing US current account deficit has its counterpart in the large and growing curren...
The recent global financial crisis has been described as the abrupt unwinding of the macroeconomic i...
The US current account deficit has been persistently large and has brought the country's ratio of fo...
The United States has run an increasingly large current account deficit over the last few years. J. ...
Keywords: US current account deficit, external imbalance, net foreign assets, real exchange rate, su...
The international current account imbalance, where the United States has a vast deficit and several ...
Prior to the creation of the euro in 1999, policy-makers frequently expressed their expectation that...
Global imbalances are large and growing in the sense that the US current account deficit and, as a r...
Alan Ahearne and Jürgen von Hagen explore the options European policy makers have in the context of ...
T he massive deficit in the U.S. trade and current accounts is one of the moststriking features of t...
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis....
This paper explores the emergence of large current account imbalances in a few large countries, the ...
The global economy has focused increasing attention on the U.S. current account deficit. Placing thi...